Corient IA LLC Purchases New Position in Atlas Energy Solutions Inc. $AESI

Corient IA LLC acquired a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 115,000 shares of the company’s stock, valued at approximately $1,308,000. Atlas Energy Solutions comprises about 1.0% of Corient IA LLC’s portfolio, making the stock its 17th biggest position. Corient IA LLC owned about 0.09% of Atlas Energy Solutions as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new position in shares of Atlas Energy Solutions in the 2nd quarter worth approximately $25,000. CWM LLC lifted its position in Atlas Energy Solutions by 244.4% in the second quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $30,000 after buying an additional 1,586 shares during the last quarter. Centerpoint Advisors LLC boosted its stake in Atlas Energy Solutions by 270.6% during the third quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock worth $32,000 after buying an additional 2,081 shares during the period. Nisa Investment Advisors LLC boosted its stake in Atlas Energy Solutions by 233.5% during the second quarter. Nisa Investment Advisors LLC now owns 2,668 shares of the company’s stock worth $36,000 after buying an additional 1,868 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Atlas Energy Solutions by 43.4% during the second quarter. BNP Paribas Financial Markets now owns 7,823 shares of the company’s stock valued at $105,000 after acquiring an additional 2,369 shares during the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Atlas Energy Solutions Trading Up 1.5%

Shares of NYSE:AESI opened at $10.06 on Thursday. The company has a market capitalization of $1.25 billion, a PE ratio of -25.14 and a beta of 1.31. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. Atlas Energy Solutions Inc. has a 12-month low of $7.64 and a 12-month high of $19.00. The business’s fifty day simple moving average is $10.87 and its 200-day simple moving average is $10.65.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AESI shares. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. The Goldman Sachs Group raised their price objective on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Wednesday. Citigroup lowered their target price on shares of Atlas Energy Solutions from $11.00 to $10.40 and set a “neutral” rating for the company in a research note on Tuesday, December 23rd. Stifel Nicolaus set a $13.00 price target on Atlas Energy Solutions in a report on Tuesday, February 24th. Finally, Stephens set a $16.00 price objective on Atlas Energy Solutions in a report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Atlas Energy Solutions currently has a consensus rating of “Hold” and an average target price of $11.20.

Insider Transactions at Atlas Energy Solutions

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total value of $1,557,400.00. Following the completion of the transaction, the insider directly owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 15.98% of the stock is owned by company insiders.

Atlas Energy Solutions Profile

Atlas Energy Solutions (NYSE: AESI) is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.